ACC 521 Lecture Notes - Lecture 2: Internal Control, Clent, Contingent Fee
4 Oct 2014
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Document Summary
Ep3-3 rules 102, 202, 204, 205, 206, 209, 210, 213, 217, 401, 402 (icao) Rule 205 prevents ca"s, from associating themselves with false or misleading documents. There has been a limitation in scope on this audit because documents were destroyed in a fire. If it is not, rule 205 has been violated. Rule 202 requires ca"s to perform their duties with integrity and due care. Rule 206 requires ca"s to comply with the recommendations set out in the cica handbook. Randi will violate both of these rules if she issues an unqualified audit report. Improper use of confidential client information is prohibited under rule 209. Rule 210. 1 prohibits ca"s from disclosing confidential client information. Lori is in violation of both these rules. Not disclosing the reason does not reduce the violation. Lori may have violated securities commission insider trading rules. Therefore, she may have violated rule 213 which prohibits a ca from associating with any unlawful activity.
